It’s a 2 bed 2 bath in the romantic zone, basically the best tourist area. 

@Guy Primo where in RI is it, when was the condo complex built and what’s the beds/baths/sqft of the unit?

Purchase price: $205,000 Cash invested: $35,000 It's a 1700 square foot 3 bed 2 bath condo.

Purchase price: $260,000 Cash invested: $65,000 Beautiful and quiet upstairs unit with open floor plan and vaulted ceiling for RENT.Spacious 1 bed, 1 bath home, lots of storage and full-size laundry in unit.Large kitchen with natural light, Jack and Jill bathroom, private deck off living room.Large bedroom, park-like views.1 car detached garage and 1 dedicated parking space.

@Hubert Kim I spoke to an eviction attorney lastnight before bed.

Usually I get something like looks like this:Exterior Landscaping - $3,800*Trim trees*Trim bushes, remove vines and vegetation growing on home, and remove small trees growing around foundation*Remove trees growing through fence and around fence line*Install fill grade dirt around foundation and level yard*Install mulched flower beds*Slurry seal drivewayTypically, they are going to charge to give a quote for a breakdown like this unless you have an established relationship.

So if you did do something with a 3 vs 1 bedroom unit, the square footage in the 3 bed unit is presumably larger allowing you to claim a larger percentage of the property taxes.If you're currently paying close to $1900 in rent, also consider how much you'd save by living in it. 

She rents a one bed and one bath apartment for $960 and she earns just enough for her bills, groceries, and rent.

My experience is limited and dated as approximately 20 years ago, I remodeled my basement to a 1 bed !

If you can get into something like a value-ad duplex in Longmont or a 3-5 bed SFH in Gunbarrel/Martin Acres/Longmont/Lafayette for example and rent rooms to friends, I'd say you're making a very smart move.